Schedule ICR: Illinois Credits (2024)
Illinois · Illinois DOR · Used for tax years 2024
2024 Illinois Schedule ICR calculates the nonrefundable Illinois Property Tax Credit, K-12 Education Expense Credit, and Volunteer Emergency Worker Credit. It reports the total credit amount for Form IL-1040 and is attached to that return.
Who files this form
Complete 2024 Schedule ICR only if you are eligible for one or more of these Illinois credits:
- Illinois Property Tax Credit.
- K-12 Education Expense Credit.
- Volunteer Emergency Worker Credit.
Attach the schedule to Form IL-1040. The Volunteer Emergency Worker Credit is available only if you received a credit certificate from the Illinois Department of Revenue.
What you'll need
- Your tax return: Complete Form IL-1040 through Line 14 and Schedule CR, if applicable, before completing Schedule ICR. You will use amounts from Form IL-1040, Lines 14 and 15.
- Your identifying information: Your name as shown on Form IL-1040 and your Social Security number.
- For the property tax credit: The amount of Illinois property tax paid during the tax year for your principal residence, the county and property number, and the same details for any adjoining lots included. You also need the portion of the tax bill deductible as a business expense on federal income tax forms or schedules.
- For the education credit: The completed K-12 Education Expense Credit Worksheet and any receipts received from the student's school. The worksheet asks for each student's name, Social Security number, grade, school name, city, school type, and total tuition and book/lab fees.
- For the volunteer credit: Your Volunteer Emergency Worker Credit Certificate number and your spouse's certificate number, if applicable.
How to file
- Complete Form IL-1040 through Line 14 and Schedule CR, if applicable.
- Enter your identifying information and complete the applicable credit sections on Schedule ICR.
- Add Lines 5, 8, and 11. Enter the total on Schedule ICR, Line 13, and Form IL-1040, Line 16.
- Attach Schedule ICR to Form IL-1040. If attaching it to Amended Form IL-1040-X, check the box provided.
For an education credit, complete the worksheet on Page 3 and attach any receipts received from the student's school. If you need more worksheet space, attach a separate sheet using the same format.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Starting the schedule too soon: Complete Form IL-1040 through Line 14 and Schedule CR, if applicable, first.
- Claiming more than the tax due: The combined property tax, education expense, and volunteer emergency worker credits cannot exceed tax due.
- Leaving out education credit attachments: You must complete the worksheet and attach any receipts received from the student's school.
- Claiming the volunteer credit without a certificate: This credit is available only if you received a certificate from the Illinois Department of Revenue.
- Providing incomplete or false information: The form warns that failure to provide required information could result in a penalty and that intentionally submitting false information is a crime.
Questions people ask
How is the property tax credit calculated?
Subtract the portion of your property tax bill deductible as a business expense from the property tax amount on Line 4a, even if you did not take the federal deduction. Multiply the result by 5%, then enter the lesser of that amount or Line 3 on Line 5.
How much is the K-12 Education Expense Credit?
The first $250 of expenses does not qualify for a credit. Subtract $250 from the worksheet total, entering zero if the result is negative. Multiply by 25% and limit that amount to $750. The credit on Line 8 is further limited to the amount on Line 6.
What if a student attended more than one qualifying school?
List each qualifying school separately on the worksheet. If you need more space, attach a separate sheet following the worksheet's format.
How much is the Volunteer Emergency Worker Credit?
Enter $500 on Line 10c if you, or your spouse on a joint return, were awarded the credit. Enter $1,000 if you file jointly and both spouses were awarded the credit. The credit on Line 11 is limited to the lesser of Line 9 or Line 10c.